With Scottish Friendly you benefit from over 150 years of experience. Today we continue to work hard to maintain the standards that have served our members well over the years - good value products and quality service.

At a glance

Invest in our UK Tracker fund which tracks well-known high street brands and companies listed in the UK.

Available to adults aged 18 or over who are resident in the UK.

Remember the value of investments can go down as well as up, and you could get back less than you've paid in.

Tax-free means the fund grows free from tax, with the exception of tax we've already paid on your behalf (such as on dividends from UK shares). Tax treatment depends on individual circumstances. Tax law may change in the future.

How it works

Read on to find out more about how our My UK Tracker Choice (ISA) works and consider whether an Investment ISA is right for you.

It doesn't take much to get started

From just £10 a month, you could start a My UK Tracker Choice (ISA) investment with Scottish Friendly. You can also make lump sum payments from £100, or you can combine monthly payments with a lump sum. It's up to you.

Make the most of your ISA allowance

The current tax-free ISA allowance means that you can put a total of £20,000 into a My UK Tracker Choice (ISA) in the current tax year.

This is the total amount you can invest across all types of ISA. So, if you have already saved in a Cash ISA, Innovative Finance ISA or Lifetime ISA this year, this will reduce the amount you can invest in a My UK Tracker Choice (ISA).

Read more about tax and ISAs in the important things to think about tab.

You're in control

You can lower, raise, stop and restart the amount you're paying in at any time. Keep in mind that if you're aiming to grow your investment for a specific goal, pausing your payments will mean you take longer to reach it.

You can also choose to automatically raise your monthly payment amount by a set percentage every year - e.g. 2.5%, 5% or 10%. This is called your yearly payment increase rate.

Of course you can change this rate at any time and remove it should you need to.

About investments

Unlike a Cash ISA or traditional savings account, you don't earn interest on the money you pay in.

Instead, an Investment ISA - like My UK Tracker Choice (ISA) - puts your money to work using the long-term growth potential of the stock market.

When you set up a My UK Tracker Choice (ISA) your money will be invested in an investment policy within a Scottish Friendly ISA. The policy then invests in our UK Tracker fund which you can read more about in the 'What funds can I invest in?' section.

Split your investment for each of your goals

With our ISA you can keep track of each of your financial goals by splitting it into different policies. You can give each policy a name to help you remember what you're investing for in the future.

As long as you stay within your ISA allowance, you can add as many policies as you like.

Managing your investment

We're sure you'll want to check up on and maintain your ISA with us every now and again. That's why we created the My Plans online tool where you can view and manage your policies.

A very British investment needs a very British fund

You’ll be investing in our UK Tracker fund, which as the name suggests invests in companies listed in the UK stock market. You may recognise some of them, including Tesco, BSkyB, BT and the very British Marks & Spencer.

The information and Key Information Document (KID) below gives you an overview of the fund and should be read alongside the Product Guide.

The 'How your investment could grow' tool in the section below provides additional examples of what you could get back in the future based on a payment amount which is lower than that shown in the KID.

Fund information

Fund name and summary

Grading

Benefits

Things to think about

UK Tracker fund

Designed to closely track the performance of the UK stock market.

Higher expected risk and return

An investment linked to an index of the UK stock market. It is designed to link to well known high street brands and companies listed in the UK.

To celebrate 20 years of ISAs we are giving you the option during the application process to enter our ISAversary prize draw. Open a new ISA or Junior ISA or add another pot to an existing ISA or Junior ISA from 6th March until 30th April 2019 to be in with a chance to win one of 20 cash prizes of £1,000. Terms and conditions apply. No purchase necessary.

Welcome gift

When you take out a My UK Tracker Choice (ISA) we’ll send you a welcome gift - a £25 My Rewards gift card. You can redeem your card at numerous outlets throughout the UK including Tesco, M&S and Argos.

We will send your My Rewards card within 28 days of receiving your first payment. Once registered you will be able to access the full list of retailers.

We reserve the right to refuse the issue of gift cards where multiple ISA applications have been applied for, and where we consider that the terms of this reward offer have been abused.

Member benefits

Once you have applied, if you sign up to the My Plans online service and opt to go paperless, we’ll send you a My Benefits card.

My Benefits gives you access to fantastic savings and offers from thousands of leading brands and local outlets. This includes offers on eating out, leisure, travel and holidays, household goods, gym membership, DIY and electricals from a range of retailers.

Being part of a mutual

Scottish Friendly is a mutual - this means we don’t have shareholders, which also means any profits are used to benefit our members.

Knowing you’re protected

Your money is protected by the Financial Services Compensation Scheme. Full details of the level of protection can be found in the product Product Guide document. If you want to know more about the scheme itself, we've more information to help.

Apply online

Starting your ISA with Scottish Friendly is safe, easy and you can complete your application online today. Once you're comfortable with the way our My UK Tracker Choice (ISA) works, make sure you've read the Product Guide and Key Information Document in the 'What funds can I invest in?' section above and then you can apply online.

Scottish Friendly doesn't provide advice. The information provided should help you decide if the plan is suitable for you. If you're not sure whether this plan is suitable, you should contact an independent financial adviser for advice. Advisers may charge for providing such advice and should confirm any cost beforehand.

Before you apply for My UK Tracker Choice (ISA)

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1. Make sure you have read and understood the information provided on My UK Tracker Choice (ISA).

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2. Download and carefully read the Key Information Document and Product Guide. This is our standard client agreement and you should read these terms carefully for your own benefit.

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3. If there's anything you don't understand, we're here to help. Call us on 0333 323 5433. Lines are open 8.30 am - 5.30 pm, Monday to Friday. Calls may be recorded and monitored.

New to us or not on My Plans?

My Plans is your online space to manage your policies, you can register for My Plans during your application if you wish.